R1, R2, now what? It is a big step to move from residency to practice.
You are now essentially a self-employed person and along with that comes all the requirements of running a business and a medical practice. You will be concentrating on applying for your license, CMPA coverage and many other things to start working, but what about record keeping and income taxes?
The business side generally falls to the wayside until April comes around and incomes taxes are staring you in the face.
The best time to think about taxes is now.
Come in for a free consultation and a coffee. We are happy to sit down with you and explain what you need to be aware of. We will provide you with a list of items to keep track of and the necessary electronic tools to tracking your revenue and expenses to make it easy and simple!